As of March 01, 2025, the average annual salary for a Claim Review and Settlement Manager in Sioux Falls, SD is $118,110. Salary.com reports that pay typically ranges from $104,400 to $132,680, with most professionals earning between $91,918 and $145,945.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $132,680 | $11,057 | $2,552 | $64 |
| Average | $118,110 | $9,843 | $2,271 | $57 |
| 25th Percentile | $104,400 | $8,700 | $2,008 | $50 |
An entry-level Claim Review and Settlement Manager with under 1 year experience makes about $111,617. With less than 2 years of experience, a mid-level Claim Review and Settlement Manager makes around $112,224. After 2-4 years, the Claim Review and Settlement Manager pay rises to about $113,638. Those senior Claim Review and Settlement Manager with 5-8 years of experience earn roughly $115,254, and those Claim Review and Settlement Manager having 8 years or more experience are expected to earn about $118,172 on average.
| Levels | Salary |
|---|---|
| Entry Level Claim Review and Settlement Manager | $111,617 |
| Intermediate Level Claim Review and Settlement Manager | $112,224 |
| Senior Level Claim Review and Settlement Manager | $113,638 |
| Specialist Level Claim Review and Settlement Manager | $115,254 |
| Expert Level Claim Review and Settlement Manager | $118,172 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
Client Service: Client services are the processes and interactions organizations and members of their staff have with their clients.
| Skill | Salary | Demand |
|---|---|---|
|
Team Management
|
$127,559 |
8%
|
|
ARM
|
$127,559 |
8%
|
|
Managed Care
|
$126,378 |
7%
|
|
Continuous Improvement
|
$126,378 |
7%
|
|
Project Management
|
$126,378 |
7%
|
|
Reinsurance
|
$126,378 |
7%
|
